What is the full form of CTC?

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    • Cost to company is used to denote the salary package of an employee by the company. It is usually mentioned on a per year basis. It is different and always more than the in-hand salary that an employee gets. In-hand salary is the actual money received by the employee per month. In addition to it provident fund, gratuity, flexible component benefits, insurance amounts and bonus forms the part of CTC. Some companies also include various perks given, petrol allowance and accommodation benefits as part of their CTC. For investment banks bonus forms a major chunk of benefits and sometimes may even exceed the monthly salary.

      As of 2014, the average CTC by most of the mass recruiters lies in the range of Rs. 3.2 lacs to Rs. 4.5 lacs. There may be some variations depending upon the college where the companies are going for recruitment. Many software companies don’t have any preferences when it comes to the branch of engineering. Previously Bangalore used to be the IT Hub for India where most of the IT companies were present. But slowly due to infrastructural constraint many IT companies are moving to other cities like Hyderabad, Pune, Mumbai, Chandigarh and even to tier II cities like Indore, Bhopal, etc.

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Cuttack is a city located in the state of Odisha (previously Orissa) in India. It is one of the biggest cities of Odisha. It is at a one hour driving distance from the capital city Bhubaneswar. Many important offices of Odisha state are located in the city including the Orissa High Court. The major language spoken at Cuttack is Oriya along with Hindi. The legendary Subhas Chandra Bose – Indian Freedom Fighter was born in Cuttack. It is connected very well with almost all the major cities of India via rail network and the nearest airport is located at Bhubaneswar some 28 kilometres away.

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As of 2014, the average CTC by most of the mass recruiters lies in the range of Rs. 3.2 lacs to Rs. 4.5 lacs. There may be some variations depending upon the college where the companies are going for recruitment. Many software companies don’t have any preferences when it comes to the branch of engineering. Previously Bangalore used to be the IT Hub for India where most of the IT companies were present. But slowly due to infrastructural constraint many IT companies are moving to other cities like Hyderabad, Pune, Mumbai, Chandigarh and even to tier II cities like Indore, Bhopal, etc.

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